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Jan 19, 2013
01/13
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and they are tax appropriate. if you want less of a violent video games raise the tax. >> i am just making a praud point. yes, it maybe the cigarette and alcohol type of tax could curtail it . i don't like them at all. why would the advertising industry earn $250 annually. it is because they make that mon yethey can influence behavior. that is my point. using taxes for social purposes makes me uneasy. >> there must be something on the air today. i am actually on rick's side on this. >> this is what bothers me about the taxings. it is passing along the responsibility of raising a child and handing it over to the government and emac is right. you want less of something raise the tax, but i think the parents should be responsible here. >> morgan, i understand someone watches too many. >> my husband loves halo. i am game for this tax and the reason is, that we don't know if there is a link between video games and violence and there do need to be more studies and that is going to cost money . if it is a one percent tax
and they are tax appropriate. if you want less of a violent video games raise the tax. >> i am just making a praud point. yes, it maybe the cigarette and alcohol type of tax could curtail it . i don't like them at all. why would the advertising industry earn $250 annually. it is because they make that mon yethey can influence behavior. that is my point. using taxes for social purposes makes me uneasy. >> there must be something on the air today. i am actually on rick's side on this....
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Jan 20, 2013
01/13
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FBC
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>> tax. it is pretty clear these games influence behavior and the increase in violence, and we can't ban them, so let's tax it and let's use the money for education and for clean up from the aftermath of these violent-related masacres. >> last word, thank you, folks. coming up, you don't have nonbuyers remorse because you missed out on these run ups. our informers have stocks you need right now. overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... bl
>> tax. it is pretty clear these games influence behavior and the increase in violence, and we can't ban them, so let's tax it and let's use the money for education and for clean up from the aftermath of these violent-related masacres. >> last word, thank you, folks. coming up, you don't have nonbuyers remorse because you missed out on these run ups. our informers have stocks you need right now. overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid...
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efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent. i. was. of the. mind i wasn't. nearly died i mean i. think i. know i. haven't yet. got eighty one but the debate is big the twenty five years of the nothing but pretty. we've been working people. seem to hate people in this color that they put up with may have been born at night but nonetheless i. thought of the things we would like to thank you thank you thank you. thank you. thank you. i i i. i. i. i i was five thousand of them i. was. i. watch makes life complete. nose and a happy family. or self-expression. that seems so tricky. one little. child. choose your language. we can we know if you. choose to use the consensus here. choose to opinions that immigrate to. choose the stories get into the life choose the access to. the news a secret laboratory to mccurdy was able to build a new most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans in the world this is why you should care only on t
efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent. i. was. of the. mind i wasn't. nearly died i mean i. think i. know i. haven't yet. got eighty one but the debate is big the twenty five years of the nothing but pretty. we've been working people. seem to hate people in this color that they put up with may have been born at night but nonetheless i. thought of the things we would like to thank you thank you thank you. thank you. thank you. i i i....
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Jan 20, 2013
01/13
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WJLA
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t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us. you have options on how to connect with "washington business report." twter, facebook, and youan find a streaeamingersi of the show on wjla.com. we hope to see you back again next sunday. thank you for joining us. ♪ ♪ ♪ ♪ [ multiple sounds making melodic tune ] ♪ ♪ [ male announcer ] at northrop grumman, every innovation every solution comes together for a single purpose -- to make the world a safer place. that's the value of performance. northrop grumman. o0 c1 we're sitting on a bunch of shale gas. there's natural gas un
t's raise everybody's taxes. if you a goi to p the ququestionons to me, let me resespond but l's say we increase everybody's tataxes by 25%. everybody's taxes, that is it. you sll have an $800 billi deficit. it would likely shrink the ecomy so you're not would b be smaller. we're getting to the point -- we cannot tax ouray out. that is why we wilill be downgraded.. >> that is it for our roundtable. we will be back with some closing notes after the break. >> thank you for joining us....
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Jan 13, 2013
01/13
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louisiana governor want to get rid of the state income and corporate tax and slightly higher sales tax and the gang from forbes says his party should go national. and that's at the top of the hour. and afraid of your boss now? what if you get the flu? well, if more workers are scared sick of calling out sick, will that have the economy feeling really sick? latest headlines, log on to foxnews.com. . >> neil: all right, these aren't jobs from the movie outbreak. a triage unit at a pennsylvania hospital, more are going up for treating the latest flu cases and it's not just hospitals across america that are feeling rundown. so is the american workplace and now workers are afraid to call in sick out of fear of losing their jobs, so that could be making that flu outbreak worse. >> absolutely. unemployment still at 7.8% and i think that managers in companies far and wide do enough to tell people to stay at home. but i think that fear is right and just. people are in deep, deep fear of getting fired. and so-- >> but they're afraid of guys like adam, taking an inch and running a mile. (laughter
louisiana governor want to get rid of the state income and corporate tax and slightly higher sales tax and the gang from forbes says his party should go national. and that's at the top of the hour. and afraid of your boss now? what if you get the flu? well, if more workers are scared sick of calling out sick, will that have the economy feeling really sick? latest headlines, log on to foxnews.com. . >> neil: all right, these aren't jobs from the movie outbreak. a triage unit at a...
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Jan 14, 2013
01/13
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of course, he will know that in april every working family will see a £220 tax cut as we lift the tax threshold yet further -- everyone will benefit from that. in our view, what we should be doing is cutting people's taxes, rather than taking more in taxes and recycling them through the massive tax credits business. that is what we believe on the government benches, and that is what will work for working families. >> is it not a clear example of how out of touch the prime minister is that while the overwhelming majority of the public want to maintain the ban on fox and stag hunting, he actually plans to repeal it? will he tell us why? >> as i explained before christmas, i have never broken the law and the only little red pests i pursue these days are in this house. >> does the prime minister accept that under this government -- >> order. i am sure the house wishes to hear the words of mr andrew selous. >> does the prime minister accept that we have brought in an 11% rise to the child element of tax credits, followed by a 5% rise, and that our recent rises build on them, meaning a cash
of course, he will know that in april every working family will see a £220 tax cut as we lift the tax threshold yet further -- everyone will benefit from that. in our view, what we should be doing is cutting people's taxes, rather than taking more in taxes and recycling them through the massive tax credits business. that is what we believe on the government benches, and that is what will work for working families. >> is it not a clear example of how out of touch the prime minister is...
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Jan 13, 2013
01/13
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, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some article that said recently frustrated, elated, happy, confused, those are people's reactions right now to just what happened in washington. barb, i want to talk with you first and foremost about the payroll tax holiday so there's no uncertainty about that. your employees are going to be paying more out of their payroll. for their payroll tax is this something you've discussed with your employes? >> we haven't discussed with them yet. i think we were waiting first to see what was going to happen. our plan is to discuss with them right before they receive their first paychecks that there is going to be a change, that the
, raises taxes on those making over $400,000 a year and increases capital gains tax rates. so, how will this impact your small business? barbara wealthman is an attorney and a leading authority on tax law and finance for small businesses. she is the writer of the muntari e newsletter "big ideas for small business" and also author of the book "j.j. lasser's "1,001 tax deductions and great to see both of you. thanks for joining us. >> a pleasure. >> i read some...
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Jan 14, 2013
01/13
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taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into transportation. we still have a problem in our major metro areas, i think this is creative way, kill one tax and move it to tax that grows with economic development and that will raise more money for roads. >> neil: 17 cents a gallon you lose on the state tax on gasoline, you'll have to make up initially with a fairly substantial hike in sales taxes, aren't you? >> it goes from 5% to 5.8%. essentially a revenue neutral conversion in year one but it grows because the sales tax grows faster than the gas tax because of inflation. >> neil: so you don't buy the argument that a tax on consumption of any sort limits tha
taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into...
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Jan 13, 2013
01/13
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congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need for the joint strike fighter. there are tough decisions that have to be made. leadership in the military was difficult. there are things that are made now that will now be made in the future. that is what it takes to get our defense budget under control. in the question of closing loopholes, the president's budget has a number of specifics. we also have provisions that would take away the tax benefits to come to companies that export jobs. we think it is important to have our policy and tax code designed do reflect what we need to do in our economy. for the future, we need to develop new and renewabl
congress has provided tax breaks, tax cuts, tax loopholes, and tax perks estimated to reduce revenues by more than $1 trillion. [no audio] >> the policy in this budget says the the department of defense will tamp down increases so that there is no real growth in the five-year window. the savings compared to their five-year plan for the last year's budget. we think it that is an important step that requires tough choices, meaning the you cannot afford the second engine that you do not need...
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Jan 20, 2013
01/13
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>> tax. it is pretty clear these games influence behavior and the increase in violence, and we can't ban them, so let's tax it and let's use the money for education and for clean up from the aftermath of these violent-related masacres. >> last word, thank you, folks. coming up, you don't have nonbuyers remorse because you missed out on these run ups. our informers have stocks you need right now. >>> at 4:00 this morning two intruders broke into the home of a woman and they demanded they give her cash. >> one of the men held me down and put a pillow on my face and kept yelling they want money. i never have been so scared in my life.
>> tax. it is pretty clear these games influence behavior and the increase in violence, and we can't ban them, so let's tax it and let's use the money for education and for clean up from the aftermath of these violent-related masacres. >> last word, thank you, folks. coming up, you don't have nonbuyers remorse because you missed out on these run ups. our informers have stocks you need right now. >>> at 4:00 this morning two intruders broke into the home of a woman and they...
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Jan 13, 2013
01/13
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FBC
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louisiana governor want to get rid of the state income and corporate tax and slightly higher sales tax and the gang from forbes says his party should go national. and that's at the top of the hour. and afraid of your boss now? what if you get the flu? well, if more workers are scared sick of calling out sick, will that have the economy feeling really sick? the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. latest headlines, log on to foxnews.com. . >> neil: all right, these aren't jobs from the mo
louisiana governor want to get rid of the state income and corporate tax and slightly higher sales tax and the gang from forbes says his party should go national. and that's at the top of the hour. and afraid of your boss now? what if you get the flu? well, if more workers are scared sick of calling out sick, will that have the economy feeling really sick? the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got...
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Jan 21, 2013
01/13
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FBC
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the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take that out of their profits, that 6 percent? would they slap that on top of what they're charging you and i and the health insurance company? >> i don't think it is quite that simple as just an add-on costs that it would pass on to the consumers. the choice here is really, do you continue with staggering uncompensated care costs for the uninsured, or do you get some payment for those services at the hospital? melissa: i understand why they want to be paid. and is wondering where the money is coming from. i get that they want to be paid for the services. and just wondering where you think t
the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take...
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Jan 16, 2013
01/13
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tax system. so we know what the answers are. were going to fight it the specifics, but we don't know at what point the political system is going to be willing to make all those traces, which are difficult compromise on both sides and put this issue to rest so we can go back to all the other things were going to fight about. the fact you can sue a policy solutions are more passed the tennis doesn't matter, but everybody recognized the threat that she can't possibly imagine a real growth, and without a sense of stability from knowing what changes obesity you can not planning, investments, job creation, all the necessary pieces of moving the economy forward. but the big wild card is when people are willing to make these type choices instead of using them to fight in the normal political boxes. what do i think's going to happen next? it's often a different path. if you think about prospect theory which basically says when you deliver good news committee want to do it in lots of little pieces. at firs
tax system. so we know what the answers are. were going to fight it the specifics, but we don't know at what point the political system is going to be willing to make all those traces, which are difficult compromise on both sides and put this issue to rest so we can go back to all the other things were going to fight about. the fact you can sue a policy solutions are more passed the tennis doesn't matter, but everybody recognized the threat that she can't possibly imagine a real growth, and...
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it's in the past decade and in two thousand and eight paid taxes had a rate. waiting for it. one person that i was i was i. was. kind of the kind i was immaculate nearly guided me occupied i think i was i. wasn't yet kind of the one percent at eighty one but that about is the twenty five years of the nothing but grief. we've been working people. seem to hit the button this is probably a good thing that we could put up with. that at night but not unless i thought of the things we would be like to thank you thank you thank you. thank. you thousands thousand. thousand i was thousands and. thousands thank you thousands. have arrived. gone i'm left with nothing to live. so i'm all. for precious children. rajeev shoulders. leave it to. choose your language. make of it oh and if. some of. the consensus here. to the opinions that in the great book. choose the stories that imply the life truth be access to your offspring. good leverage or. was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach creation why it should
it's in the past decade and in two thousand and eight paid taxes had a rate. waiting for it. one person that i was i was i. was. kind of the kind i was immaculate nearly guided me occupied i think i was i. wasn't yet kind of the one percent at eighty one but that about is the twenty five years of the nothing but grief. we've been working people. seem to hit the button this is probably a good thing that we could put up with. that at night but not unless i thought of the things we would be like...
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Jan 18, 2013
01/13
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FBC
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replace payroll tax with the consumption tax, because, the payroll tax is what is killing jobs. neil: you know low that goes. once you get a tax going it goes up and up. >> that relates to other side, social chunks is insurance is s there are no trust funds just confetti paper we'll have to lefto taxpayers some day, social insurance is a huge myth. i would means fest it, cuts by a couple00 billion, i would reduce the number of people who are av and reduce that number. we're broke. when you hear -- >> how do you tell people that i've paid 40 years into social security. >> all be -- everyone who is taking it right now after 30 years dnot pay for what they are getting, the payroll tax of never close to what would fund on an -- >> what do you get, it takes three years for you to get everything back. >> 3 or 4, so i'm saying, if we get rid of socia sober social is insurance,defense, go back to ice ep loweeisenhower minimum we could revert back. republicans don't want to touch that, democrats don't want to touch it. hero are. >> and then have you obama saying we need 100 billion of gr
replace payroll tax with the consumption tax, because, the payroll tax is what is killing jobs. neil: you know low that goes. once you get a tax going it goes up and up. >> that relates to other side, social chunks is insurance is s there are no trust funds just confetti paper we'll have to lefto taxpayers some day, social insurance is a huge myth. i would means fest it, cuts by a couple00 billion, i would reduce the number of people who are av and reduce that number. we're broke. when...
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Jan 17, 2013
01/13
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FBC
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worse
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to...
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efforts in the past decade and in two thousand and eight paid taxes had a rate. waiting for it. one person that it was. was that it was. because of the time it was immaculate was merely to me like you. think i wasn't i wasn't i. wasn't yes thank you but one could send out if you want but that about it don't think the twenty five years of the nothing but pretty. we've been working people. seem to put people in this little bit they simply put up with the management that night but not like i was out of the place they could be but this is thank you thank you thank you thank you thank you thank you i was i was you i was my was was thousand to six thousand i was thousand. two thousand was i. do we speak your language does anybody. news programs and documentaries in spanish matters to you breaking news a little turn to angles stories. here. to ensure i'll teach spanish find out more visit. join me on a journey to the heart of the problem to a place is hidden from the tourists you're going to meet some real credible insiders although they may not be the usual news makers you see on t.v.
efforts in the past decade and in two thousand and eight paid taxes had a rate. waiting for it. one person that it was. was that it was. because of the time it was immaculate was merely to me like you. think i wasn't i wasn't i. wasn't yes thank you but one could send out if you want but that about it don't think the twenty five years of the nothing but pretty. we've been working people. seem to put people in this little bit they simply put up with the management that night but not like i was...
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Jan 19, 2013
01/13
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WMAR
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. >> reporter: republican ej pimpkin says that -- pipkin says that reminds him of the poll taxes to keep poor and african person people from voting. >> the only people that will be able to afford guns in the state of maryland are rich people with the money and time to comply with this. >> reporter: mcdunna will eliminate parole and probation for anyone convicted gun crimes and increase the use of the death pnlt which the governor is attempting to eliminate during the session. >> politicians ought to stop grandstanding and misleading people with simplistic solutions and go after the criminals and monsters that do the things. >> reporter: the governor package bills is aimed at improving mental health service and security at entrances to schools in maryland. delegate plans to talk about his proposal at an event form for gun appreciation day. abc2 news christian schaffer. >> it's going to be another cold night in baltimore but how low will the temperatures go? wyatt everhart is here with the most accurate weather forecast. >> look at temperatures now. one of the coldest nights we have had fo
. >> reporter: republican ej pimpkin says that -- pipkin says that reminds him of the poll taxes to keep poor and african person people from voting. >> the only people that will be able to afford guns in the state of maryland are rich people with the money and time to comply with this. >> reporter: mcdunna will eliminate parole and probation for anyone convicted gun crimes and increase the use of the death pnlt which the governor is attempting to eliminate during the session....
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Jan 17, 2013
01/13
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FBC
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tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ neil: cornhusker playing tax buster. the republican governor is not showing taxes love. double down on cuts and a lot of cuts. he joins republicans looking to roll back a variety of taxes. dave right now, governor, exbrain you are doin
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of...
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self-imposed costs from society i will cut myself i want to tax my brother. going to be. the cause of my anger and my frustration. that up. to. two of the most violent gangs in u.s. history. is just all model killing to kill with colors matching the national flag. of this country uses violence when it reaches and then it legitimizes the. made in america on the oxy. do we speak your language anybody will not be in. the music programs and documentaries in spanish more matters to you breaking news a little tonnage of angola's kidneys stories. for you here. in detroit i'll teach spanish to find out more visit eye to eye all tito it's calm . you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture. choose your language. of holy week you know if you have any real plan today still to come on. choose the news the consensus here and again choose the opinions that invigorate
self-imposed costs from society i will cut myself i want to tax my brother. going to be. the cause of my anger and my frustration. that up. to. two of the most violent gangs in u.s. history. is just all model killing to kill with colors matching the national flag. of this country uses violence when it reaches and then it legitimizes the. made in america on the oxy. do we speak your language anybody will not be in. the music programs and documentaries in spanish more matters to you breaking news...
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the daily reckoning eric brian and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up stateside we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup cartel yes cartel i said maple syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital account. in the u.s. as we watch this fiscal cliff charade it honestly sounds just so much like what we were hearing during the debt ceiling debate of two thousand and eleven when lawmakers were bickering and another ratings agency was threatening to drop the u.s. is aaa credit rating and then it of course did now that was met with much fanfare in the beginning but then not many direct consequences the dollar has strengthe
the daily reckoning eric brian and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up stateside we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple...
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Jan 18, 2013
01/13
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we all know the tax code is a disaster. none of us like the tax code. when you talk about the ability to broaden the base, lower the rates and raise revenues, that's a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things in there when you start talking about the specifics of the fact that we need to deal with the home mortgage interest deduction or state and local taxation. then it gets more difficult. so what we've done is we've done the easiest pieces. capping discretionary spending is easy. you don't even have to talk about a single specific policy. taxes the 1% is pretty darn easy. it's going to take more than that to fix the problem. now what we've left is the hardest parts, and so it's how we're going to unravel those next bits. so clearly, the next piece is going to have to focus on entitlement reform. that's the biggest fix that has yet to be addressed. we have three action-forcing moments coming up in the next couple months; the sequester, which they extended for two months, an
we all know the tax code is a disaster. none of us like the tax code. when you talk about the ability to broaden the base, lower the rates and raise revenues, that's a pretty good system. it's pretty desirable to think about how to reform the tax code. but there are a lot of tough things in there when you start talking about the specifics of the fact that we need to deal with the home mortgage interest deduction or state and local taxation. then it gets more difficult. so what we've done is...
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efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent that i was i was i. was. of the kind i was. nearly died in iraq you didn't think i wasn't i wasn't i. wasn't yet. but one could send out if you want but that it got big the twenty five years of the nothing but pretty. leaving work think the. team to take the lead in this problem that they basically put up with the management that night but not the less i thought of that they would like to thank you thank you thank you. thank thousand two thousand. thousand two thousand i was thousands and. thousands thank you i. could. have arrived. left nothing to live. for precious children. to. download the official. to your cell phone choose your language stream quality and enjoy your favorites. if you're away from your television or it just doesn't go out with your mobile device you can watch on t.v. anytime anywhere. secret laboratory to mccurdy was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach me the creatio
efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent that i was i was i. was. of the kind i was. nearly died in iraq you didn't think i wasn't i wasn't i. wasn't yet. but one could send out if you want but that it got big the twenty five years of the nothing but pretty. leaving work think the. team to take the lead in this problem that they basically put up with the management that night but not the less i thought of that they would like to thank...
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Jan 19, 2013
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in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the indivual income tax anyway. and then the other attractive feature, it means their employees would no longer being paying individual income tax and that's very important to them in terms of attracting talent to their company and to our state. melissa: one place where i think you might have have a problem you say youwant to create jobs in your state but you boast an incredible unemployment rate, 3.7%. i mean, i wasn't even sure that was possible any longer. it is supposed to create inflation when your unemployment rate is below 4%. you don't want to drive th
in the end a tax is a tax. you're talking about taxing products they buy, investment they make for their business, maybe or products they're selling. so it does seem like it would be an impediment elsewhere in their business. they think in the end it is a better tradeoff? >> it is a better tradeoff, again we're talking about simplicity and fairness. give up the exemptions, they're no longer paying corporate tax, if you're a small business, you pay through the indivual income tax anyway....
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Jan 13, 2013
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>> guest: well, americans have never liked taxes. they didn't like taxes without representation. they didn't like taxation with representation. they revolted a few times in the shea rebellion in the whiskey rebellion. there was a quite a bit of anti-tat sentiment around. that said, the constitution is virtually unlimited in the taxing power gives to government and hamilton wrote six federalist -- about the need to collect taxes. and in merrick, in a number of places it says i think very straightforwardly, it doesn't make it to the -- version these federalist essays but is politically difficult to vote to raise taxes and it's always going to be politically difficult to vote to raise taxes. if you do not ever want to do anything to add a structural difficulty by putting something in the constitution to limit the ability to raise taxes because you can't foresee the future. it is dramatically responsible to do something like take a pledge saying you will never in your life as a legislator vote to increase taxes. >> host: like grover norquist. yeskel like grover norquist. that is dram
>> guest: well, americans have never liked taxes. they didn't like taxes without representation. they didn't like taxation with representation. they revolted a few times in the shea rebellion in the whiskey rebellion. there was a quite a bit of anti-tat sentiment around. that said, the constitution is virtually unlimited in the taxing power gives to government and hamilton wrote six federalist -- about the need to collect taxes. and in merrick, in a number of places it says i think very...
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Jan 13, 2013
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we have $150 billion that corporations do in tax expenditures to avoid the tax rates. so their tax rate on average is 16%, not 35%. but that's inefficient. we have to do what matt said, and tax people efficiently. if you go back to world war ii and take all the years since then, when our tax rate was 70% in the 50s and you look at periods with more than 38%, we had an employment rate that grew of .5%. when the tax rate was -- excuse me -- was 2%. when the tax rate went down to 38% or below, we grew at five%. my point is this is not taxes. what is key, let's take murderrive and regalations on businesses, they have increased. if they are paying 33% more for regulations per individual, you are not opening up the line for that star runningback to get through. i understand the simplified tax rate form. but it is focusing on small businesses and giving them the opportunity with trained, skilled workforce, not that much reg iewdle, to burst through the line. that's where the focus should be. >> eric: matt, last word? >> you gotta do something. here's -- once again, when a pre
we have $150 billion that corporations do in tax expenditures to avoid the tax rates. so their tax rate on average is 16%, not 35%. but that's inefficient. we have to do what matt said, and tax people efficiently. if you go back to world war ii and take all the years since then, when our tax rate was 70% in the 50s and you look at periods with more than 38%, we had an employment rate that grew of .5%. when the tax rate was -- excuse me -- was 2%. when the tax rate went down to 38% or below, we...
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Jan 14, 2013
01/13
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don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get higher rates. >> at the news conference, president obama made clear what he thinks about the 4 million words simplifying them or using them to promote economic growth are not priorities. >> from the start, my concern was making sure that we had a tax code that was fair. and protected the middle class. >> another related reason who i the tax code reform never gets done each loophole credit, preference and provision is favored by some interest group or another. which is in turn backed by veritable army of lawyer, accountant fighting to keep them where they are. >> bret: thank you. no grapevi
don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get...
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Jan 19, 2013
01/13
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we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothing to dissuade you or some of your colleagues from getting off that? >> businesses are still growing, neil but they're not growing as much as they otherwise would. and that uncertainty has a very real trickle down effect. i'll use us as an example. we're building a new gio pronto restaurant right now. i would have loved to borrow the total investment from people like joe and gold coast banking. no way i'm going to do that based on uncertainty. i go borrow less than i would oth
we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring....
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Jan 14, 2013
01/13
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taxes proud, and he was only very tentatively supportive of the whiskey tax, the distilled spirits tax and the jefferson must i think largely sympathetic protester and jefferson city lot of things that modern-day tax protestors can see is. jefferson was an out liar. washington didn't support the whiskey rebellion. he actively participated in the military effort to put it down. hamilton believed -- and on this i very much agree with hamilton it's always going to be a big debate and you need to have that debate but you do not hobbled yourself before hand with a additional structural difficulties to have a source of revenue. >> host: we will take over half way break now and when we come back we want to talk about specific issues in the book and then we will talk about the politics behind it, and then the reasons that led you to write the book. we will be back in a little bit. >> guest: excellent. thank you. >> host: welcome back, michael. let's talk about some of the issues your book talks about and what the founders had to say in different opinions on these issues and then with the right
taxes proud, and he was only very tentatively supportive of the whiskey tax, the distilled spirits tax and the jefferson must i think largely sympathetic protester and jefferson city lot of things that modern-day tax protestors can see is. jefferson was an out liar. washington didn't support the whiskey rebellion. he actively participated in the military effort to put it down. hamilton believed -- and on this i very much agree with hamilton it's always going to be a big debate and you need to...
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Jan 14, 2013
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let's take corporate tax. it seems likely that there'll be a yearlong debate about corporate taxation here in washington in the year 2013. most businesses are global in some respect now. not all, but most big businesses for sure. if you're a big business and you look over to china, you'll see in their five-year plans in energy or in information technology specific promises to have a 15% corporate income tax rate. you come to the united states, you have no predictability, you don't know what it is, and the current rate is much, much higher than that. we need reforms that say to businesses we want you to invest here in the united states. while we're having this big debate about corporate tax reform, let's include in it specific reforms for the energy sector that, in fact be, are designed to attract a massive amount of new investment to build a clean energy platform. let's have that be a subpart of the corporate tax reform debate. another example, the carbon tax. the carbon tax is a prod-based -- broad-based tax
let's take corporate tax. it seems likely that there'll be a yearlong debate about corporate taxation here in washington in the year 2013. most businesses are global in some respect now. not all, but most big businesses for sure. if you're a big business and you look over to china, you'll see in their five-year plans in energy or in information technology specific promises to have a 15% corporate income tax rate. you come to the united states, you have no predictability, you don't know what it...
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Jan 19, 2013
01/13
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but great as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're not bound by that same limitation? we must act today in order to preserve tomorrow. and let there be no misunderstanding -- we are going to begin to act, beginning today. the economic ills we suffer have come upon us over several decades. they will not go away in days, weeks, or months, but they will go away. they will go away because we as americans have the capacity now, as we've had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. in this present crisis, government is not the solution to our problem, government is th
but great as our tax burden is, it has not kept pace with public spending. for decades we have piled deficit upon deficit, mortgaging our future and our children's future for the temporary convenience of the present. to continue this long trend is to guarantee tremendous social, cultural, political, and economic upheavals. you and i, as individuals, can, by borrowing, live beyond our means, but for only a limited period of time. why, then, should we think that collectively, as a nation, we're...
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Jan 17, 2013
01/13
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and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787 dreamliner. a faulty battery forced an emergency landing of a 787 in japan after a result the japan airlines are grounding their entire dreamliner flight facing safety inspections. shares of boeing fell more than 3%. hewlett-packard rallied more than 4% reported they received buyer interest for the edf units in recent days, however sources say no major sailors coming anytime soon. but we have to move on to the story that everybody is talking about. president obama signing 23 separate executive actions on gun violence today. and those actio
and call it a liberal tax. the conservative restaurant owner charges left-wing moore for their drink and donate the cash to right-wing causes. is it a boom for his business? the owner serves as a big helping of a government economics. even when i say this not, it is always about "money." adam: and a good evening to you. we want to look at the days headline market. a tough day for stocks. the dow snapped a five-day nning streak falling 23 points. more turbulence for boeing 787...
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Jan 20, 2013
01/13
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without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government meanss tomor "fox & friends."nt meanss tomor >> tune in for the after the show show. >> brenda: the people have spoken. 83% of americans calling government spending out of control. so, what do some democratic lawmakers want to do? get rid of the nation's debt limits. they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary
without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do...
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Jan 14, 2013
01/13
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and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
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Jan 19, 2013
01/13
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that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. progress-oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your progress-oh! story on facebook. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >> good morning, everyone, we're live in
that's at the bottom of the hour, but next, think the payroll tax hike is the only thing taking a bite out of your wallet? guess again, the sticker shock stunner that's slamming us all and the government denies it. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not...
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be a lot of regulations there's a lot of smaller regulations state level regulations and fears about tax code or that's the the rhetoric that business leaders are largely focusing on and where i do think that today's data is nonce sort of reflecting the reality on the ground is that sure you've got a lot of profits at these large corporations but what we haven't been seeing is investment in the economy and that's the reason why the economy is weak that's the reason why import unemployment is still a significant problem is you can make a lot of money you can borrow money from the fed for basically free and then you can loan it back to the government and make a three percent profit on the free money that you got in the first place and you can rack up a lot of profits but that doesn't necessarily mean that we have a strong economy without actual investment in the economy itself we're not going to see economic growth so just jim let's talk about this piggybacking off of what anthony is saying one of president obama's approach is to fix the economy that's kind of the trickle down economics so
be a lot of regulations there's a lot of smaller regulations state level regulations and fears about tax code or that's the the rhetoric that business leaders are largely focusing on and where i do think that today's data is nonce sort of reflecting the reality on the ground is that sure you've got a lot of profits at these large corporations but what we haven't been seeing is investment in the economy and that's the reason why the economy is weak that's the reason why import unemployment is...
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Jan 16, 2013
01/13
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FBC
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>> well, look, a lot of what has us here is tax cuts, and i know you don'tment to hearment want t taxes are l. neil: just keep raising them? >> we need a combination, a planned approach -- neil: like a 40 to 1 tax hike to spending cut deal. >> are you kidding? we've done $1.8 trillion of spending cuts. >> woe okay woe, wait, where are these spending cuts, they are always in the future, all in the future. actual spending we spending 25 pierc25%more now. >> you have to cut it in the future. neil: we have spend a hell of a lot of time talking over one another that always helps me, when we come back, get the flu shot or another job? can a boss do that. several bosses, who did that. and there is nothing, nothing that the workers could do about it. nothing. look at jimmy carter, i always knew he was watching me, now i knew he was watching me, now i have the [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investme
>> well, look, a lot of what has us here is tax cuts, and i know you don'tment to hearment want t taxes are l. neil: just keep raising them? >> we need a combination, a planned approach -- neil: like a 40 to 1 tax hike to spending cut deal. >> are you kidding? we've done $1.8 trillion of spending cuts. >> woe okay woe, wait, where are these spending cuts, they are always in the future, all in the future. actual spending we spending 25 pierc25%more now. >> you have...
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Jan 15, 2013
01/13
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then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way to address it is to have a sensible plan for spending and revenue. make decisions about helping the government should be or how small it should be. again, this sort sort of like a family saying, well, we are spending too much, let's stop paying our credit card bills. that is not the way to get yourself into good financial condition. i think it would be a good thing if we did not have it. i do not think that is going to happen. i think it is going to be around. i do hope that congress will allow the government to pay its bills. not raise the possibility of default. that would be very costly to our economy. then address
then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way to address it is to have a sensible plan for spending and revenue. make...
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Jan 17, 2013
01/13
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now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over the years,
now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and...
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Jan 19, 2013
01/13
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subject to payroll taxes, they said it would hurt the economy. that would be far more damaging, they said to economic growth than what we're asking people to consider. if you raise the taxes, you will have an immediate effect on employment and economic activity. so if you're a ceo who makes maybe only a million, you're taxed on the first tenth of your income. if you're making $60,000 a year, every one of your $60,000 is taxed for social security. and this is the kind of thing, it just drives me crazy. you know what the flip side of these guys loving their jobs, never ever wanting to leave not even when they're old and they have lots of grand kids, they're not stopping the ceos of cesars because they're paying payroll taxes on more of their income. they love their job, folks at the top that convince themselves that things wouldn't hurt at all like raising the retirement age, are easy no-brainers, that are just common sense. they convinced themselves of things that will hurt them and devastating the economy. when they say no to higher taxes, they a
subject to payroll taxes, they said it would hurt the economy. that would be far more damaging, they said to economic growth than what we're asking people to consider. if you raise the taxes, you will have an immediate effect on employment and economic activity. so if you're a ceo who makes maybe only a million, you're taxed on the first tenth of your income. if you're making $60,000 a year, every one of your $60,000 is taxed for social security. and this is the kind of thing, it just drives me...